The fund will be available on a case-by-case basis and will provide “immediate financial support on rent and further support when it comes to reopening”. The scheme is open to all tied tenants in need of further help after they have accessed all the relevant government schemes.
The company’s business development managers will be speaking to tenants about the fund over the next four weeks.
In a letter to tenants Wayne Shurvinton, managing director of Greene King Pub Partners, said the company will “do all we can to support you during the forced closure period and beyond once your pub reopens”.
“Our view is that many pubs will be affected differently and there will not be a one size fits all solution,” said Shurvinton.
“Our goal will be to provide an appropriate amount of targeted financial support to those partners who need it the most while at the same time ensuring the financial survival of our business and the 38,000 employees who depend on us.”
Greene King had earlier announced that it will defer rent until after the shutdown and has offered to replace out of date beer kegs and casks.